The stock market is a mechanism designed to transfer wealth from the impatient to the patient ... sometimes.
Look at this way - MDX was around 10c back in February. Since then the world``s stock markets have fallen out of bed and it is now North of 30c having just raised about $10mn through option maturities that were 97% taken up.
Patience has worked for me so far with MDX and there is lots more to come.
Those of us who have been holding MDX for a while have been somewhat imune to the global market meltdown.
Patience wins in this case - plus think of the brokerage ... there isn`t any.
EB
The stock market is a mechanism designed to transfer wealth from...
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